Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10, 30). Mar. 1 Purchased $30,000 of merchandise from Van Industries, terms 1/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $12,008 (cost is $6,880). 3 (a) Purchased $900 of office supplies on credit from Gabel Company, ters n/38. 3 (b) sold merchandise on credit to Linda Witt, Invoice No. 855, for $6,898 (cost is $3,000): 6 Borrowed $72, Bed cash from Federal Bank by signing a long-term note payable, 9 Purchased $15, eee of office equipment on credit from Spell Supply, terms n/38. 10 Sold marchandise on credit to Jovita Albany, Invoice No. 856, for $3,000 (cost is $1,500). 12 Received payment from Min Cho for the March 2 sale less the discount of $120. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $300. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $60. 14 Purchased $28,888 of merchandise from the co Company, terms 1/18, n/3. 15 (a) Issued Check No. 417 for $12,300 payee is Payroli, in payment of sales salaries expense for the first half of the month 15 (b) Cash sales for the first half of the month are $48,000 (cost is $38,408). These cash sales are recorded in the cash receipts journal on March 15. 16 Purchased 31,420 of store supplies on credit from Gabel Company, terms 1/30 12 Returned $2,800 of unsatisfactory merchandise purchased on March 14 to CD company. Church reduces accounts payable by that amount. 19 Returned $450 of office equipment purchased on March to Spell Supply Church reduces accounts payable by that amount 20 Received payment from ovita Albany for the sale of March 10 lets the discount of $30. 23 Issued Check No: 413 to co Company in payment of the March 14 purchase less the March 17 return and the 5252 discount Sold merchandise on credit to Jovita Albany, Invoice No. 857 for $9.000 (cost is $1,688). 22 Sold merchandise on credit to Lindi Watt Invoice No 858 for $3,600 (cost is 51,440) 31 (a) Issued Check No 419 for $1. aye Payrol1. In payment of sales salaries expanse for the last half of the anth 31 (b) Cashies for the last of the month are 352 (cost is $31,60) These cash sales are recorded in the cash receipts Journal on March 31 32 ) Verify that contacting customer and creditor accounts were posted and that any wounts that should have been posted at individual out to the oneral ledger accounts were posted Foot and crossfoot the Journals and make the month-dosti Assume the following ledger account amounts Inventory (March 1 beg bal, is $64.000). Z Church, Capital (March 1 beg bol is $64,000) and Church Company uses the perpetual Inventory system Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 20 Req 2D Reg 2E Enter the transactions in a sales journal. SALES JOURNAL Date Account Debited Invoice Number Accounts Receivable Dr. Sales Cri Cost of Goods Sold Dr. Inventory Cr. Mar. 02 Min Cho 854 S 12.000 S 6,000 Mar. 03 Linda Witt 855 3.000 Mar. 10 1856 1.500 Jovita Albany Jovita Albany 857 Mar. 27 Mar. 28 Linda Witt 858 Mar. 31 Totals 12.000 S 10.500 6 Complete this question by entering your answers in the tabs below. Reg 2A Red Req 2c Reg 2D Req 2E Enter the transactions in a purchases journal. PURCHASES JOURNAL Date of Accounts Invoice Terms Payable C Date Account Inventory Dr Office Supplies Dr. Other Accounts Dr. Mar. 01 Van Industries Mar 03 Mar 0B Omice equipment/Spell Supply CD Company Mar. 14 Mar. 10 Mar 31 Total 0 $ os 03 Req 2A Reg 28 Req 2c Req 2D Req 2E Enter the transactions in a cash receipts journal. CASH RECEIPTS JOURNAL Date Account Credited Cash Dr. Sales Discount Dr. Accounts Receivable Cr. Sales Cr. Other Accts. Cr. Cost of Goods Sold Dr. Inventory Cr. Mar. 06 Mar. 12 Mar. 13 Mar. 15 Mar 20 Mar. 31 Totals OS $ 0 S 0 0 Req 2A Reg 20 Reg 2c Reg 2D Reg 2E Enter the transactions in a cash payments journal. CASH PAYMENTS JOURNAL Date Ck No. Payee Account Debited Cash Cr. Inventory Cr Other Accounts Dr Accounts Payable Dr Mar 13 Mar 15 Mar 23 Mar 31 Total 0 0 S 0 Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2c Reg 2D Req 2E Enter the transactions in a general journal. View transaction list Journal entry worksheet Returned $2,800 of unsatisfactory merchandise purchased on March 14 to CD Company, Church reduces accounts payable by that amount. Note: Enter debits before credits. Date General Journal Debit Credit Mar. 17